Hyundai Heavy says trying to allay Singapore concerns over Daewoo shipyard merger
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SEOUL (Reuters) - Hyundai Heavy Industries Holdings Co Ltd said on Wednesday it is working with Singaporean regulators to alleviate concerns of its $2 billion (1.6 billion pounds) merger with rival shipbuilder Daewoo crimping competition in the Southeast Asian maritime hub.Plans to combine the world's two biggest shipbuilders announced in January require regulatory approval in South Korea, Singapore, China, Japan, Kazakhstan and the European Union, a Hyundai spokesman told Reuters. So far, only..